Skye Bioscience Inc (SKYE)

[Vinpat]

No idea who did the deal. You don't think Lykos has a right to continue to work on something else while he works with Nemus? It's not like he has to devote much time to it. It's a business he knows and all it takes is capital and hiring good people. It's not a restaurant.

I was shocked they annnoucned they raised $20 million figuring they'd do the small raises until they got further down the road. They've been able to do that whenever they've needed it so there's no indication that won't continue as they move forward. The $20 million is disappointing but this is far from dead. I'm concerned about what went down but I reserve judgment until the facts come out. Raising the $2 million under crunch time gives them a longer leash with me. It's a high risk venture and even with good management who does things by the book, bad things can happen.